http://speeches.empireclub.org/62740/data
Financial Services Council of Canada
Daniels, Mark R.
Daniels, Mark R., The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 2004), 21 Nov 2002, 159-172
21 Nov 2002
The Financial Services Council of Canada: Its Origins and Mandate. Last decade of extraordinary change in the industry worldwide. Factors that have reshaped the industry. The four principal factors. Results of these forces of change. The formation of the Financial Services Council of Canada to better coordinate efforts on legislative, regulatory and policy issues of a common interest. Members of the Council. The First Project: A Single Window Dispute Resolution System for Financial-Services Consumers - a detailed discussion. The Way Ahead. The future of the council itself. New realizations. A broad approach. How to get started. The speaker's own preferences and expectations.
The Financial Services Council of Canada: Its Origins and Mandate. Last decade of extraordinary change in the industry worldwide. Factors that have reshaped the industry. The four principal factors. Results of these forces of change. The formation of the Financial Services Council of Canada to better coordinate efforts on legislative, regulatory and policy issues of a common interest. Members of the Council. The First Project: A Single Window Dispute Resolution System for Financial-Services Consumers - a detailed discussion. The Way Ahead. The future of the council itself. New realizations. A broad approach. How to get started. The speaker's own preferences and expectations.
Financial services industry - CanadaFinancial ServicesFinance - Canada2009-07-16T09:05:28.899Z2009-07-16T09:05:28.899Z
Text
eng
http://speeches.empireclub.org/62836/data
Financial Sector Regulation: Partnering for Success
Le Pan, Nicholas
Le Pan, Nicholas, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 2002), 7 Feb 2002, 360-369
7 Feb 2002
The love-hate relationship between the regulator--OSFI--and the institutions they regulate and supervise. Why that is so. Good regulation as an important contributor to public confidence. What the speaker has been saying since becoming Superintendent and reactions to it. Challenging some of the perceptions out there about Canada, about regulators, and about our financial institutions. Other reports about Canada. International efforts and how they have paid off. Other initiatives - for example, The Toronto International Leadership Centre for Financial Sector Supervision. Other illustrative examples of international pursuits. The hate part of the relationship. How regulation has benefits--but also imposes costs. The speaker's job and mandate from Parliament. How regulation begins. A focus on trying to ensure that OSFI has the balance right. How the OSFI might achieve more. What effectiveness means for the speaker. Closing remarks about Canada's regulatory system; success of institutions; Canada's quality brand; OSFI providing leadership and not resting on its laurels.
The love-hate relationship between the regulator--OSFI--and the institutions they regulate and supervise. Why that is so. Good regulation as an important contributor to public confidence. What the speaker has been saying since becoming Superintendent and reactions to it. Challenging some of the perceptions out there about Canada, about regulators, and about our financial institutions. Other reports about Canada. International efforts and how they have paid off. Other initiatives - for example, The Toronto International Leadership Centre for Financial Sector Supervision. Other illustrative examples of international pursuits. The hate part of the relationship. How regulation has benefits--but also imposes costs. The speaker's job and mandate from Parliament. How regulation begins. A focus on trying to ensure that OSFI has the balance right. How the OSFI might achieve more. What effectiveness means for the speaker. Closing remarks about Canada's regulatory system; success of institutions; Canada's quality brand; OSFI providing leadership and not resting on its laurels.
Financial ServicesFinance - CanadaFinance2009-07-16T09:05:44.292Z2009-07-16T09:05:44.292Z
Text
eng
http://speeches.empireclub.org/62851/data
Annual Financial Forum
Waldman, Jeffrey; Sterling, William; Joseph, Ian
Waldman, Jeffrey; Sterling, William; Joseph, Ian, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 2001), 11 Jan 2001, 203-218
11 Jan 2001
Jeffrey Waldman:
The fixed income market. A recap of some fixed-income highlights from last year. Our current level of interest rates in historical perspective. Two themes that will dominate bond markets over the coming years. An outlook for this year. A potential movie sequel to watch for in the year 2001.
Ian Joseph:
Some personal background of the speaker. Looking at the declines as cathartic, and how that is so. Some salubrious effects to this correction, with illustrative examples. A brief examination of the more secure conditions that have formed the basis for the long expansion and whether or not they have been exhausted. What lies ahead for the Canadian market. A bumpy year ahead with anticipated volatility. The speaker's portfolio of choice. A final remark about Nortel.
William Sterling:
An introduction from the speaker as a recovering economist. A message of cautious optimism. The signs. Financial-sector indicators. A look at the real economy side. Some historical perspective. What we have now. The ultimate success of the Fed. Good news for investors looking offshore from the US. A final piece of wisdom.
Jeffrey Waldman:
The fixed income market. A recap of some fixed-income highlights from last year. Our current level of interest rates in historical perspective. Two themes that will dominate bond markets over the coming years. An outlook for this year. A potential movie sequel to watch for in the year 2001.
Ian Joseph:
Some personal background of the speaker. Looking at the declines as cathartic, and how that is so. Some salubrious effects to this correction, with illustrative examples. A brief examination of the more secure conditions that have formed the basis for the long expansion and whether or not they have been exhausted. What lies ahead for the Canadian market. A bumpy year ahead with anticipated volatility. The speaker's portfolio of choice. A final remark about Nortel.
William Sterling:
An introduction from the speaker as a recovering economist. A message of cautious optimism. The signs. Financial-sector indicators. A look at the real economy side. Some historical perspective. What we have now. The ultimate success of the Fed. Good news for investors looking offshore from the US. A final piece of wisdom.
InvestmentsFinancial ServicesFinance - Canada2009-07-16T09:05:46.582Z2009-07-16T09:05:46.582Z
Text
eng
http://speeches.empireclub.org/62715/data
A New Mandate for OSFI
Palmer, John R.V.
Palmer, John R.V., The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 2001), 8 Jun 2000, 52-63
8 Jun 2000
An explanation of the Office of the Superintendent of Financial Institutions. Canada's financial-sector institutions. OSFI as a legislative mandate. How the mandate, passed into law in 1996, has driven the activities of OSFI. How the OSFI has been fundamentally transformed as a result of that legislation. A new approach to supervising financial institutions. Encouraging institutions to increase capital levels and strengthen their reserves for losses. Recommendations for amendments to the legislation. Organisational changes and their effect. Changes in OSFI's human resources, and in their training. Tracking performance. What the OSFI has had to deal with in terms of what is going on around us. Still fighting the last war? What history can tell us. The need to be scanning the horizon in search of any distant storms tha tmight be brewing. Some current concerns. Putting up more prudential barriers. Regulatory policy and burdens. The financial sector bill that Mr. Martin will introduce next week and the changes it is expected to bring. OSFI's role in ensuring that Canada's financial institutions are able to adapt quickly to the big changes now underway around the planet. Playing a supportive role. Adding further flexibility. Overhauling supervisory practices. Similar initiatives happening in other countries. Some additional regulatory powers. OSFI in the vanguard of the movement to set international standards of best practice for financial regulators and supervisors. Promoting a system of peer review. OSFI to continue its efforts to enhance its capacity to regulate and supervise. The intention to ecome increasingly accountable and to publish their own successes and failures. The formation of an external Advisory Board. The financial sector as key to our current and future economic success. A continuing OSFI mandate to be the protection of deposits and insurance policies in federal institutions in a balanced way that recognises international developments and facilitating a competitive financial system.
An explanation of the Office of the Superintendent of Financial Institutions. Canada's financial-sector institutions. OSFI as a legislative mandate. How the mandate, passed into law in 1996, has driven the activities of OSFI. How the OSFI has been fundamentally transformed as a result of that legislation. A new approach to supervising financial institutions. Encouraging institutions to increase capital levels and strengthen their reserves for losses. Recommendations for amendments to the legislation. Organisational changes and their effect. Changes in OSFI's human resources, and in their training. Tracking performance. What the OSFI has had to deal with in terms of what is going on around us. Still fighting the last war? What history can tell us. The need to be scanning the horizon in search of any distant storms tha tmight be brewing. Some current concerns. Putting up more prudential barriers. Regulatory policy and burdens. The financial sector bill that Mr. Martin will introduce next week and the changes it is expected to bring. OSFI's role in ensuring that Canada's financial institutions are able to adapt quickly to the big changes now underway around the planet. Playing a supportive role. Adding further flexibility. Overhauling supervisory practices. Similar initiatives happening in other countries. Some additional regulatory powers. OSFI in the vanguard of the movement to set international standards of best practice for financial regulators and supervisors. Promoting a system of peer review. OSFI to continue its efforts to enhance its capacity to regulate and supervise. The intention to ecome increasingly accountable and to publish their own successes and failures. The formation of an external Advisory Board. The financial sector as key to our current and future economic success. A continuing OSFI mandate to be the protection of deposits and insurance policies in federal institutions in a balanced way that recognises international developments and facilitating a competitive financial system.
Financial services industry - CanadaFinance - CanadaBanks and banking - Canada2009-07-16T09:05:24.507Z2009-07-16T09:05:24.507Z
Text
eng
http://speeches.empireclub.org/61758/data
Canada's Economy Beyond the Year 2000
Caplan, David L.
Caplan, David L., The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1999), 19 Nov 1998, 228-239
19 Nov 1998
Some meaningful dialogue about Canada's future economic prospects. Some views about where the speaker thinks we are headed, or where we ought to be headed. Turbulence and uncertainty clouding the near-term outlook. The urgent need for Canada to continue to become less dependent on commodities and better-known for its world-class technology and know-how. A review of Canada's current economic situation, and factors affecting it. The world we'll see in the new millennium, especially in terms of the division of wealth. Appropriate policies and strategies for countries wanting to be key players in this new era of wealth-creation. What Canada would need to do. A brief sketch of the speaker's own company. Pratt & Whitney's plans. Pratt & Whitney's relationship with Canada. Canada's high-tech industry. Canada, suffering from an "innovation gap," with illustrative figures. What Canada's concerns for the future should be. Some comparisons with other countries. Top priorities. The role of government. The need to develop a knowledge-based economy. Proof that Canada can measure up. Striving to ensure that Canada becomes recognised around the world as much for its know-how and highly skilled people as for its natural resources. Canada, taking its rightful place in the knowledge-based, global economy and maintaining its position amongst the wealthy nations of the world.
Some meaningful dialogue about Canada's future economic prospects. Some views about where the speaker thinks we are headed, or where we ought to be headed. Turbulence and uncertainty clouding the near-term outlook. The urgent need for Canada to continue to become less dependent on commodities and better-known for its world-class technology and know-how. A review of Canada's current economic situation, and factors affecting it. The world we'll see in the new millennium, especially in terms of the division of wealth. Appropriate policies and strategies for countries wanting to be key players in this new era of wealth-creation. What Canada would need to do. A brief sketch of the speaker's own company. Pratt & Whitney's plans. Pratt & Whitney's relationship with Canada. Canada's high-tech industry. Canada, suffering from an "innovation gap," with illustrative figures. What Canada's concerns for the future should be. Some comparisons with other countries. Top priorities. The role of government. The need to develop a knowledge-based economy. Proof that Canada can measure up. Striving to ensure that Canada becomes recognised around the world as much for its know-how and highly skilled people as for its natural resources. Canada, taking its rightful place in the knowledge-based, global economy and maintaining its position amongst the wealthy nations of the world.
Canada - Economic policyCanada - Economic developmentCanada - Economic conditions2009-07-16T09:02:52.203Z2009-07-16T09:02:52.203Z
Text
eng
http://speeches.empireclub.org/62582/data
Canada's 1997 Budget
The Honourable Paul Martin
The Honourable Paul Martin, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1997), 21 Feb 1997, 419-433
21 Feb 1997
The current Federal Government's fourth budget. One overriding goal: the need to build both a stronger economy and a stronger society. A plan in place since this government took office; that plan acted upon, and built, in every one of the budgets. Four key elements of the plan. Establishing confidence in the country's management of its financial affairs. Taking action in areas that have an immediate impact on growth and jobs. Making key investments that will strengthen the prospects for longer-term economic growth. Focussing on investments to strengthen the social underpinnings of the nation. Putting the budget in the context of this plan. Two major milestones within reach: by 1998-99 the government will be able to finance its deficit internally, without having to go to the financial markets for any new borrowing; the second milestone stabilising the debt. Managing the debt as Canada's economy grows faster than the debt. The payoff for Canadians. The impact of lower interest rates. Employment increases. Moving towards a stronger economy. Opportunities and costs of globalisation and restructuring. The role of the government now to stand with those Canadians having difficulty adjusting to a turbulent world; not to stand aside. Taking direct action in this budget, as in previous ones, to promote economic growth and the creation of jobs. Short- and medium-term initiatives. Broadening the notion of infrastructure for the long view to include post-secondary education, knowledge, and innovation, the building blocks of the new wealth of nations. Some illustrative examples. A departure from the norm of government initiatives, with example. The need to strengthen our society. Publicly funded universal health-care at the top of the list for Canadians. The Government's commitment to the principles which underpin our health-care system to be preserved, protected, and enforced. Looking for better delivery of health-care services to Canadians. Protecting Canada's retirement income system. An agreement, reached last week, between the federal government and eight of Canada's provinces to preserve the Canada Pension Plan: some fundamental points as to how this will be done. Two other pillars of the retirement income system: the new Seniors Benefit in 2001, and tax assisted savings such as private pension plans and RRSPs. Focussing on the roots of the social problems of the future, addressing them before they arise. Meeting the challenge of creating a healthy and secure environment for our children, who are the future. Details of the Government's response in terms of budget monies allocated. The absolute critical factor of Canada and the provinces moving forward together, and why this is so. Taxation, and the goal to lower taxes. A brief discussion of the suggestion made by some that now is the time to consider a broadly based tax cut, and the Government's position on that issue. A summary of the underlying philosophy of the budget as a prelude to the following discussion. A Government showing its values according to what it does with its scarce resources. Substantial progress over the last three years. Now looking to the long-term investments Canada requires. The primary principle that the role of government is to look to both the social and economic needs of the nation. A balance between a strong economy and a strong society not the lowest common denominator, but the highest common ground. An abiding faith in Canada and Canadians.
The current Federal Government's fourth budget. One overriding goal: the need to build both a stronger economy and a stronger society. A plan in place since this government took office; that plan acted upon, and built, in every one of the budgets. Four key elements of the plan. Establishing confidence in the country's management of its financial affairs. Taking action in areas that have an immediate impact on growth and jobs. Making key investments that will strengthen the prospects for longer-term economic growth. Focussing on investments to strengthen the social underpinnings of the nation. Putting the budget in the context of this plan. Two major milestones within reach: by 1998-99 the government will be able to finance its deficit internally, without having to go to the financial markets for any new borrowing; the second milestone stabilising the debt. Managing the debt as Canada's economy grows faster than the debt. The payoff for Canadians. The impact of lower interest rates. Employment increases. Moving towards a stronger economy. Opportunities and costs of globalisation and restructuring. The role of the government now to stand with those Canadians having difficulty adjusting to a turbulent world; not to stand aside. Taking direct action in this budget, as in previous ones, to promote economic growth and the creation of jobs. Short- and medium-term initiatives. Broadening the notion of infrastructure for the long view to include post-secondary education, knowledge, and innovation, the building blocks of the new wealth of nations. Some illustrative examples. A departure from the norm of government initiatives, with example. The need to strengthen our society. Publicly funded universal health-care at the top of the list for Canadians. The Government's commitment to the principles which underpin our health-care system to be preserved, protected, and enforced. Looking for better delivery of health-care services to Canadians. Protecting Canada's retirement income system. An agreement, reached last week, between the federal government and eight of Canada's provinces to preserve the Canada Pension Plan: some fundamental points as to how this will be done. Two other pillars of the retirement income system: the new Seniors Benefit in 2001, and tax assisted savings such as private pension plans and RRSPs. Focussing on the roots of the social problems of the future, addressing them before they arise. Meeting the challenge of creating a healthy and secure environment for our children, who are the future. Details of the Government's response in terms of budget monies allocated. The absolute critical factor of Canada and the provinces moving forward together, and why this is so. Taxation, and the goal to lower taxes. A brief discussion of the suggestion made by some that now is the time to consider a broadly based tax cut, and the Government's position on that issue. A summary of the underlying philosophy of the budget as a prelude to the following discussion. A Government showing its values according to what it does with its scarce resources. Substantial progress over the last three years. Now looking to the long-term investments Canada requires. The primary principle that the role of government is to look to both the social and economic needs of the nation. A balance between a strong economy and a strong society not the lowest common denominator, but the highest common ground. An abiding faith in Canada and Canadians.
Canada - Economic conditionsBudget - CanadaTaxation2009-07-16T09:05:03.379Z2009-07-16T09:05:03.379Z
Text
eng
http://speeches.empireclub.org/60165/data
Investment Outlook—1997
Coxe, Donald; Manford, Michael; Gluskin, Ira
Coxe, Donald; Manford, Michael; Gluskin, Ira, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1997), 16 Jan 1997, 335-349
16 Jan 1997
Donald Coxe
A forecast for the global economy and global capital markets for the year. The speaker's forecast that this is going to be a different kind of world for the global economy and capital markets than we have been used to experiencing. Looking back at what gave us the era of inflation. The factor of the Cold War. A government that people believed in. A growing work force. A correlation between the growth of the work force and inflation. A growing money supply. The banking era where the banks loved to lend money. Growing union powers. Major commodity price rises in the seventies. The end of an era when the Cold War ended in 1989. The peak for the Japanese stock market which was the most inflationary at the time. Events in Canada and elsewhere. The technological breakthrough of the micro chip. Disinflation, and now outright deflation. What this means on a global basis. An era in which there will be two kinds of stores of value: long-term bonds of countries like Canada whose currencies have stopped being devalued, and companies that are truly global in their ability to either serve the current baby boomer and retirement class with wealth management, or are able to serve the consumer needs in the new emerging middle class all over the world. Gold no longer a store of value. The position of oil and gas stocks. Companies that are driving the world as it creates a new kind of environment.
Michael Manford
The U.S. economy and what's really happening. An economy whose exports are growing at 5%; that has capital spending growing at 7 or 8%; where inventories are scarcer than ethics in Washington. The normal debt of America; lower interest payments than in 1989. Consumer spending and cash flow in the U.S. The speaker's forecast that the U.S. economy, contrary to the consensus forecast for this year, is going to probably grow in the area of 3%. An inflationary rate of growth for the U.S. economy. Wage growth of 4%. Such inflation bothering the bond market. What the Federal Government might do. Long-term bond deals in their bear phase. The true driving force behind North America: Canada. This year the payoff year for the Canadian economy, and how that is so. Growth of capital spending. The Canadian consumer. 1997 as the year of metamorphosis for the Canadian consumer. Real wages caught up to inflation. Lots of productivity. Employment growth picking up. Deflation in Canada. Looking for the Canadian dollar to rise up to the 130, 133 range. Prospects for foreign investment good. The final piece of the puzzle. The potential for Corporations to make money in Canada. A very profitable year for Canada.
Ira Gluskin
Speaking as an investment manager. A recommendation to read Barrons to learn about the investment business. Who says there's to be deflation, who says there's to be inflation. The factor of the province of Quebec on the Canadian stock market. The Canadian economy in terrific shape. The recovery of the real estate economy. The problem with so many people buying mutual funds. What's wrong with the stock market. The people who manage Canadian mutual funds. Comments on mutual funds. What people are investing in. The inherent conservative nature of Canadians, and of the people who manage mutual funds. The speaker's hope for some speculation, and that the forecast here a year from now will say, wow, after that tremendous growth we've had in Canada, now you have to watch out. The positive situation for Canada.
Donald Coxe
A forecast for the global economy and global capital markets for the year. The speaker's forecast that this is going to be a different kind of world for the global economy and capital markets than we have been used to experiencing. Looking back at what gave us the era of inflation. The factor of the Cold War. A government that people believed in. A growing work force. A correlation between the growth of the work force and inflation. A growing money supply. The banking era where the banks loved to lend money. Growing union powers. Major commodity price rises in the seventies. The end of an era when the Cold War ended in 1989. The peak for the Japanese stock market which was the most inflationary at the time. Events in Canada and elsewhere. The technological breakthrough of the micro chip. Disinflation, and now outright deflation. What this means on a global basis. An era in which there will be two kinds of stores of value: long-term bonds of countries like Canada whose currencies have stopped being devalued, and companies that are truly global in their ability to either serve the current baby boomer and retirement class with wealth management, or are able to serve the consumer needs in the new emerging middle class all over the world. Gold no longer a store of value. The position of oil and gas stocks. Companies that are driving the world as it creates a new kind of environment.
Michael Manford
The U.S. economy and what's really happening. An economy whose exports are growing at 5%; that has capital spending growing at 7 or 8%; where inventories are scarcer than ethics in Washington. The normal debt of America; lower interest payments than in 1989. Consumer spending and cash flow in the U.S. The speaker's forecast that the U.S. economy, contrary to the consensus forecast for this year, is going to probably grow in the area of 3%. An inflationary rate of growth for the U.S. economy. Wage growth of 4%. Such inflation bothering the bond market. What the Federal Government might do. Long-term bond deals in their bear phase. The true driving force behind North America: Canada. This year the payoff year for the Canadian economy, and how that is so. Growth of capital spending. The Canadian consumer. 1997 as the year of metamorphosis for the Canadian consumer. Real wages caught up to inflation. Lots of productivity. Employment growth picking up. Deflation in Canada. Looking for the Canadian dollar to rise up to the 130, 133 range. Prospects for foreign investment good. The final piece of the puzzle. The potential for Corporations to make money in Canada. A very profitable year for Canada.
Ira Gluskin
Speaking as an investment manager. A recommendation to read Barrons to learn about the investment business. Who says there's to be deflation, who says there's to be inflation. The factor of the province of Quebec on the Canadian stock market. The Canadian economy in terrific shape. The recovery of the real estate economy. The problem with so many people buying mutual funds. What's wrong with the stock market. The people who manage Canadian mutual funds. Comments on mutual funds. What people are investing in. The inherent conservative nature of Canadians, and of the people who manage mutual funds. The speaker's hope for some speculation, and that the forecast here a year from now will say, wow, after that tremendous growth we've had in Canada, now you have to watch out. The positive situation for Canada.
Canada - Economic conditionsForecasting2009-07-16T08:58:44.173Z2009-07-16T08:58:44.173Z
Text
eng
http://speeches.empireclub.org/61291/data
The Accelerating Pace of Progress
Templeton, Sir John
Templeton, Sir John, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1996), 15 May 1995, 12-25
15 May 1995
The economic aspect of change. Living in a period of prosperity. Some comparisons from 50 years ago. Canada's rank as first in the world in terms of the quality of life. Achievements in Canada over the last 25 years. Indications of improved quality of life. The increasing acceptance of the importance of free trade and enterprise within and among nations which underlies such growth. Global restructuring and its effects in terms of the free-market system. The trend toward greater capitalism and freedom. The medical aspect of change. A review of the remarkable advances in all areas of science all around the world. The technological aspect of change. A review of advances in communications, electronics, computerization, digital technology, travel, the increase in knowledge and information, and information-related occupations. The revolutionary nature of progress of this magnitude in such a short period of time, and the implications. The educational aspect of change. Two great changes: first, the explosion in both the volume and rate at which information is available; second, the greater level of prosperity. The result of the combination is that more and more people have the opportunity to learn. A review of events, and comparisons with 40-50 years ago. The spiritual aspect of change. The multitudes of new organisations working in the field of progress in religion. Studying the connections of science and religion. The beneficial effects of religion. A glimpse back at history as a powerful reminder of how rapidly our world is advancing. The outlook for our future.
The economic aspect of change. Living in a period of prosperity. Some comparisons from 50 years ago. Canada's rank as first in the world in terms of the quality of life. Achievements in Canada over the last 25 years. Indications of improved quality of life. The increasing acceptance of the importance of free trade and enterprise within and among nations which underlies such growth. Global restructuring and its effects in terms of the free-market system. The trend toward greater capitalism and freedom. The medical aspect of change. A review of the remarkable advances in all areas of science all around the world. The technological aspect of change. A review of advances in communications, electronics, computerization, digital technology, travel, the increase in knowledge and information, and information-related occupations. The revolutionary nature of progress of this magnitude in such a short period of time, and the implications. The educational aspect of change. Two great changes: first, the explosion in both the volume and rate at which information is available; second, the greater level of prosperity. The result of the combination is that more and more people have the opportunity to learn. A review of events, and comparisons with 40-50 years ago. The spiritual aspect of change. The multitudes of new organisations working in the field of progress in religion. Studying the connections of science and religion. The beneficial effects of religion. A glimpse back at history as a powerful reminder of how rapidly our world is advancing. The outlook for our future.
Canada - Economic developmentCanada - Economic conditions2009-07-16T09:01:39.250Z2009-07-16T09:01:39.250Z
Text
eng
http://speeches.empireclub.org/60936/data
Public Servants Protecting Your Money
Palmer, John
Palmer, John, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1995), 7 Apr 1995, 557-574
7 Apr 1995
A joint meeting of The Empire Club of Canada and the Canadian Club of Toronto.
The meaning of the term "public servant." The concept of service to the public alive and well in the office that the speaker has the honour to head, called the OSPE. A brief overview of Canada's financial system. The role that OSPE plays within that system. Challenges facing OSPE. Some of the change underway to enable OSPE to respond better to those challenges. What the speaker means by the financial system. OSPE's primary responsibility of supervising federal financial institutions. Other regulators of financial institutions in Canada. Role of the Canadian Deposit Insurance Corporation (CDIC). A short history of the OSPE, with objectives and philosophy of supervision. Methodologies developed. What was happening in the financial world while the OSPE was developing its methodologies. Consolidations, failures, and closures during one of Canada's worst recessions. OSPE's responsibility vis a vis these financial institution failures and closures. How the OSPE carries out its role of protecting depositors, policy holders and creditors. How the OSPE is doing, and how it might improve. The moral that regulators are human and do not have perfect foresight. A summary of some of the recommended changes that OSPE regards as most important. The many challenges that face the financial sector. Above all else is the volatility that pervades every aspect of economic life. The need for OSPE to keep pace. Our money a great deal safer with the OSPE.
A joint meeting of The Empire Club of Canada and the Canadian Club of Toronto.
The meaning of the term "public servant." The concept of service to the public alive and well in the office that the speaker has the honour to head, called the OSPE. A brief overview of Canada's financial system. The role that OSPE plays within that system. Challenges facing OSPE. Some of the change underway to enable OSPE to respond better to those challenges. What the speaker means by the financial system. OSPE's primary responsibility of supervising federal financial institutions. Other regulators of financial institutions in Canada. Role of the Canadian Deposit Insurance Corporation (CDIC). A short history of the OSPE, with objectives and philosophy of supervision. Methodologies developed. What was happening in the financial world while the OSPE was developing its methodologies. Consolidations, failures, and closures during one of Canada's worst recessions. OSPE's responsibility vis a vis these financial institution failures and closures. How the OSPE carries out its role of protecting depositors, policy holders and creditors. How the OSPE is doing, and how it might improve. The moral that regulators are human and do not have perfect foresight. A summary of some of the recommended changes that OSPE regards as most important. The many challenges that face the financial sector. Above all else is the volatility that pervades every aspect of economic life. The need for OSPE to keep pace. Our money a great deal safer with the OSPE.
Finance - CanadaCivil service - Canada2009-07-16T09:00:43.978Z2009-07-16T09:00:43.978Z
Text
eng
http://speeches.empireclub.org/61916/data
The Future Is Not What It Was
Desjardins, Pierre
Desjardins, Pierre, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1994), 13 Jan 1994, 251-265
13 Jan 1994
Canada's economic prospects for 1994. The old ways don't work anymore. Uncertainty among Canadians. Why the Canadian experience is what it is. Uses Domtar as an example of the broader Canadian experience. How Domtar succeeded as an analogy to how Canada can succeed in the new global economy.
Canada's economic prospects for 1994. The old ways don't work anymore. Uncertainty among Canadians. Why the Canadian experience is what it is. Uses Domtar as an example of the broader Canadian experience. How Domtar succeeded as an analogy to how Canada can succeed in the new global economy.
Canada - Economic policyCanada - Economic conditionsCanada - Commerce2009-07-16T09:03:18.699Z2009-07-16T09:03:18.699Z
Text
eng
http://speeches.empireclub.org/61915/data
Beyond Bureaucracy: Governing for the Nineties
Savage, The Hon. John
Savage, The Hon. John, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1994), 2 Dec 1993, 222-231
2 Dec 1993
Challenges to governments to do things in new ways in answer to a changing and dynamic world, especially the electronic revolution. What recession and unemployment means for Canadians. New opportunities. A perspective told from the viewpoint of an Eastern Canadian politician now seeing similar problems in central Canada. The importance of creating new jobs. How to better deliver services while meeting goals of cost-cutting. Economic focus on community-based models. Relationships between different levels of government. Reforms taking place in Nova Scotia.
Challenges to governments to do things in new ways in answer to a changing and dynamic world, especially the electronic revolution. What recession and unemployment means for Canadians. New opportunities. A perspective told from the viewpoint of an Eastern Canadian politician now seeing similar problems in central Canada. The importance of creating new jobs. How to better deliver services while meeting goals of cost-cutting. Economic focus on community-based models. Relationships between different levels of government. Reforms taking place in Nova Scotia.
Nova Scotia - Politics and governmentFederal-provincial relationsCanada - Economic conditions2009-07-16T09:03:17.925Z2009-07-16T09:03:17.925Z
Text
eng
http://speeches.empireclub.org/61541/data
Banking and the Environment
Sinclair, Helen
Sinclair, Helen, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1992), 5 Mar 1992, 406-416
5 Mar 1992
A joint meeting of The Empire Club of Canada and The Canadian Club of Toronto. A comparison, with statistics, between the 1981-82 recession and the 1990-91 recession. A further description of the current recession, hopefully nearing its end. Some economic issues driven by demographics, such as health and the environment. How the environmental issues affect us professionally, and commercially, with examples. The legacy of the past 100 years of environmental damage from Canadian industry, and its consequences. One key issue is how to pay for the cleanup, and for the liability. Managing the future. Assigning responsibility. Prices to be paid for a cleaner environment. How to define liability. New ventures, opportunities, and industries in the new environment, with examples.
A joint meeting of The Empire Club of Canada and The Canadian Club of Toronto. A comparison, with statistics, between the 1981-82 recession and the 1990-91 recession. A further description of the current recession, hopefully nearing its end. Some economic issues driven by demographics, such as health and the environment. How the environmental issues affect us professionally, and commercially, with examples. The legacy of the past 100 years of environmental damage from Canadian industry, and its consequences. One key issue is how to pay for the cleanup, and for the liability. Managing the future. Assigning responsibility. Prices to be paid for a cleaner environment. How to define liability. New ventures, opportunities, and industries in the new environment, with examples.
Environmental policy - CanadaEconomic depressionCanada - Economic conditions2009-07-16T09:02:18.593Z2009-07-16T09:02:18.593Z
Text
eng
http://speeches.empireclub.org/61539/data
Making It in the New Economy
Cohen, Dian
Cohen, Dian, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1992), 6 Feb 1992, 320-331
6 Feb 1992
What the "new" economy is, and how we can "make it." Examples and descriptions of the new global economy based on information, with national economies irrelevant for purposes of making decisions (based on the writings of Peter Drucker and Alvin Toffler). National output as a function of global product strategy. Employment growth unhitched from economic growth. New technologies that allow an increase in output without necessarily increasing the demand for labour. A detailed review of the global economy, with trends, facts, statistics, and analysis. The economists' understanding of events. What's happening with investment. What's happening in Canada: a lack of internationalizing. Canada's complacency with a resource-based economy: our lack of adjustment to the new world economy. Reasons for cautious optimism. A comparison of Canadian and U.S. economic restructuring. Factors holding us back. Suggestions to help us move faster. Involvement and visible benefits. The need for a change in attitudes about how the world works.
What the "new" economy is, and how we can "make it." Examples and descriptions of the new global economy based on information, with national economies irrelevant for purposes of making decisions (based on the writings of Peter Drucker and Alvin Toffler). National output as a function of global product strategy. Employment growth unhitched from economic growth. New technologies that allow an increase in output without necessarily increasing the demand for labour. A detailed review of the global economy, with trends, facts, statistics, and analysis. The economists' understanding of events. What's happening with investment. What's happening in Canada: a lack of internationalizing. Canada's complacency with a resource-based economy: our lack of adjustment to the new world economy. Reasons for cautious optimism. A comparison of Canadian and U.S. economic restructuring. Factors holding us back. Suggestions to help us move faster. Involvement and visible benefits. The need for a change in attitudes about how the world works.
Canada - Economic conditionsEconomics2009-07-16T09:02:18.289Z2009-07-16T09:02:18.289Z
Text
eng
http://speeches.empireclub.org/61230/data
Canadian Sovereignty in a Global Economy: Can the National Dream Survive?
Barlow, Maude
Barlow, Maude, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1992), 15 Nov 1990, 142-155
15 Nov 1990
Canada's dream of a sovereign nation. How Canada was built. The need for sharing and our understanding of the need for community-based entrepreneurial action and the distribution of wealth and opportunities. Why and how Canadian Crown corporations were conceived. Our complex network of social programs. The belief that services should be equitable throughout the country: a fundamental Canadian value. The negative economic outlook in Canada and how it came about. The speaker's view of the Mulroney government in terms of our economy and our society. A detailed discussion of five areas in over which the speaker feels Canada is losing sovereign control: the manufacturing sector; foreign takeover; the gutting of our social programs; our resources; disputes. Some thoughts on alternatives: a different approach to becoming competitive. Finding again our shared values. Calling on Canada's fundamental principles for the role we might play in the new global order.
Canada's dream of a sovereign nation. How Canada was built. The need for sharing and our understanding of the need for community-based entrepreneurial action and the distribution of wealth and opportunities. Why and how Canadian Crown corporations were conceived. Our complex network of social programs. The belief that services should be equitable throughout the country: a fundamental Canadian value. The negative economic outlook in Canada and how it came about. The speaker's view of the Mulroney government in terms of our economy and our society. A detailed discussion of five areas in over which the speaker feels Canada is losing sovereign control: the manufacturing sector; foreign takeover; the gutting of our social programs; our resources; disputes. Some thoughts on alternatives: a different approach to becoming competitive. Finding again our shared values. Calling on Canada's fundamental principles for the role we might play in the new global order.
Canada - Social conditionsCanada - Economic conditionsCanada2009-07-16T09:01:29.902Z2009-07-16T09:01:29.902Z
Text
eng
http://speeches.empireclub.org/61349/data
A Penny Earned
Barrett, Matthew
Barrett, Matthew, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1990), 1 Mar 1990, 238-245
1 Mar 1990
The health of our national economy. The case for improving the savings rate in Canada: a strategic imperative to prepare ourselves sensibly for the future: a directional shift extending over the next decade or two. Canada's state of preparedness for a future fraught with uncertainty. Weaknesses of the Canadian economy: investment in research and development; the commercialization of new technologies; the area of Financial Dynamism (the many dimensions of the financial environment in which we all operate) (from the World Competitiveness Report). An old-fashioned remedy that would put us on the road to recovery: an improved national savings rate. Why this idea is a valid one. Why people are spending, not saving. Suggestions to turn this situation around, and reasons why these suggestions should be taken. What has already been done in this endeavour.
The health of our national economy. The case for improving the savings rate in Canada: a strategic imperative to prepare ourselves sensibly for the future: a directional shift extending over the next decade or two. Canada's state of preparedness for a future fraught with uncertainty. Weaknesses of the Canadian economy: investment in research and development; the commercialization of new technologies; the area of Financial Dynamism (the many dimensions of the financial environment in which we all operate) (from the World Competitiveness Report). An old-fashioned remedy that would put us on the road to recovery: an improved national savings rate. Why this idea is a valid one. Why people are spending, not saving. Suggestions to turn this situation around, and reasons why these suggestions should be taken. What has already been done in this endeavour.
Canada - Economic conditions2009-07-16T09:01:47.987Z2009-07-16T09:01:47.987Z
Text
eng
http://speeches.empireclub.org/61345/data
Canada in the Year 2000
Cornelissen, Michael A.
Cornelissen, Michael A., The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1989), 24 Nov 1988, 130-145
24 Nov 1988
A long, hard, sober look at the long-term future of Canada. Where do we want to be in 12 years, a time during which the sum total of human knowledge will double once again. Opportunities during that time. A review which looks first at the immediate past 12 years; the key challenges Canada faces today; the directions the speaker thinks we should take to ensure we will look back on the next 12 years with pride. The role of Canadians and their leaders; sharing a vision; evangelizing the vision; being accountable for actions. The address is organized under the following headings: Economic and Fiscal Management; Human Capital Management; Information Management; and Labour Management. Making Canada in the year 2000 a "jewel in the world's crown." Five questions to ask for strategic action: What will it cost: Who is accountable: Can you measure the benefits? Will we have the right informaiton to evaluate it? What is the ultimate objective?
A long, hard, sober look at the long-term future of Canada. Where do we want to be in 12 years, a time during which the sum total of human knowledge will double once again. Opportunities during that time. A review which looks first at the immediate past 12 years; the key challenges Canada faces today; the directions the speaker thinks we should take to ensure we will look back on the next 12 years with pride. The role of Canadians and their leaders; sharing a vision; evangelizing the vision; being accountable for actions. The address is organized under the following headings: Economic and Fiscal Management; Human Capital Management; Information Management; and Labour Management. Making Canada in the year 2000 a "jewel in the world's crown." Five questions to ask for strategic action: What will it cost: Who is accountable: Can you measure the benefits? Will we have the right informaiton to evaluate it? What is the ultimate objective?
Canada - Economic policyCanada - Economic conditions2009-07-16T09:01:47.393Z2009-07-16T09:01:47.393Z
Text
eng
http://speeches.empireclub.org/61340/data
The Crash of 1987: What Did it Really Mean?
Coxe, Donald G.M.
Coxe, Donald G.M., The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1989), 20 Oct 1988, 82-92
20 Oct 1988
The end of the bull markets: a year later. The aberration of Black Monday. The "Crash" as an historic event which ended the "four-decade historical continuum, … built on the twin assumptions of American military and financial hegemony." A new and more uncertain kind of economic, financial, and strategic environment. No evidence, upon travelling Canada, that politicians are discussing the important questions before the election. A discussion of Canadian and American elections. What the politicians should be telling the people as a result of the Crash. An examination of the Crash, its origins and influencing factors: an historical review. Why there was no economic collapse after the Crash. What the Crash did mean. How the Crash assisted the Canadian and American economies. Myths exploded by the Crash. Coming to terms with a new, undefined reality. An optimistic forecast.
The end of the bull markets: a year later. The aberration of Black Monday. The "Crash" as an historic event which ended the "four-decade historical continuum, … built on the twin assumptions of American military and financial hegemony." A new and more uncertain kind of economic, financial, and strategic environment. No evidence, upon travelling Canada, that politicians are discussing the important questions before the election. A discussion of Canadian and American elections. What the politicians should be telling the people as a result of the Crash. An examination of the Crash, its origins and influencing factors: an historical review. Why there was no economic collapse after the Crash. What the Crash did mean. How the Crash assisted the Canadian and American economies. Myths exploded by the Crash. Coming to terms with a new, undefined reality. An optimistic forecast.
United States - Economic conditionsStock exchangeCanada - Economic conditions2009-07-16T09:01:46.722Z2009-07-16T09:01:46.722Z
Text
eng
http://speeches.empireclub.org/61116/data
Review of Canada's Expanding Role in the Global Market
Jeanniot, Pierre
Jeanniot, Pierre, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1988), 17 Mar 1988, 299-307
17 Mar 1988
Some of the myths which have clouded the understanding of many Canadians. A discussion of some of the realities that today confront Canada in the global arena. Some views on the challenge which must be met by this country, its business, and its people, to become truly world competitive. The nature of Canadians. Canada as an international power. Canada's institutions that are world-class. Canada's economic ranking. The myth that Air Canada is subsidized by the taxpayer. A description of Air Canada as one of the world's leading airlines. Canada's trading figures. Global factors we face. The rise of new international competitors. The patterns of population changes. Demographics in Canada. What it all means for Canada. The challenge to ensure that Canada's entire economy is internationally competitive. Answers and solutions. Promoting the reality of Canada's greatness.
Some of the myths which have clouded the understanding of many Canadians. A discussion of some of the realities that today confront Canada in the global arena. Some views on the challenge which must be met by this country, its business, and its people, to become truly world competitive. The nature of Canadians. Canada as an international power. Canada's institutions that are world-class. Canada's economic ranking. The myth that Air Canada is subsidized by the taxpayer. A description of Air Canada as one of the world's leading airlines. Canada's trading figures. Global factors we face. The rise of new international competitors. The patterns of population changes. Demographics in Canada. What it all means for Canada. The challenge to ensure that Canada's entire economy is internationally competitive. Answers and solutions. Promoting the reality of Canada's greatness.
International tradeCanada - Economic conditionsCanada - Commerce2009-07-16T09:01:12.397Z2009-07-16T09:01:12.397Z
Text
eng
http://speeches.empireclub.org/61111/data
The Economy: 1984-1988
Wilson, The Hon. Michael
Wilson, The Hon. Michael, The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1988), 15 Feb 1988, 238-248
15 Feb 1988
A joint meeting of The Empire Club of Canada and The Canadian Club of Toronto.
The government's strategy for recovery and agenda for economic renewal set out 3-1/2 years ago when they took office. A review of what that strategy and agenda were. A discussion in response to the question posed by the speaker: "And how have we been doing as Canadians?" Statistics and statements to illustrate how well Canada and Canadians have done and what is in place to ensure continued success. A review of action taken by the government to facilitate these gains. Remarks on the free trade agreement with the United States. Tax reform and other programmes, developments and initiatives to be introduced or implemented. Ways in which the government "is meeting its responsibility to ensure that the country can continue to meet the challenge of producing growth, jobs, opportunities, and greater security for all Canadians."
A joint meeting of The Empire Club of Canada and The Canadian Club of Toronto.
The government's strategy for recovery and agenda for economic renewal set out 3-1/2 years ago when they took office. A review of what that strategy and agenda were. A discussion in response to the question posed by the speaker: "And how have we been doing as Canadians?" Statistics and statements to illustrate how well Canada and Canadians have done and what is in place to ensure continued success. A review of action taken by the government to facilitate these gains. Remarks on the free trade agreement with the United States. Tax reform and other programmes, developments and initiatives to be introduced or implemented. Ways in which the government "is meeting its responsibility to ensure that the country can continue to meet the challenge of producing growth, jobs, opportunities, and greater security for all Canadians."
Canada - Politics and governmentCanada - Economic policyCanada - Economic conditions2009-07-16T09:01:11.560Z2009-07-16T09:01:11.560Z
Text
eng
http://speeches.empireclub.org/60450/data
The Role of Government in the Economy of the '90s
Martin, Paul Jr.
Martin, Paul Jr., The Empire Club of Canada Addresses (Toronto, Canada: The Empire Club Foundation, 1988), 21 Jan 1988, 193-205
21 Jan 1988
The kind of world economic environment we find ourselves in and what "ought to be" the changing role of government within that environment. Change and how it has manifested itself: in an increasingly globalized economy and in a steady decline in the value of raw materials relative to manufactured goods and the technology embodied in both goods and services. The process of globalization in its adolescent stage. Our prime economic objective to devise a strategy for maintaining our fair share of the world's industrial activity. Two challenges which must be met. What ought to be the role of the government in responding to the changes ahead. Ways in which the federal government can encourage Canadian industrial activity. Two areas that are crucial: the specific problems of Canadian-owned small and medium-sized business; the way technological innovation comes to market. Quebec's success in developing a vibrant entrepreneurial economy and to what that is due. Government facilitating the entrepreneurs' access to foreign markets. Costs of marketing outside of North America. The trade commissioner service. Three reasons for a knowledge-intensive industry to come into being or to locate in a given country, in three phases. Canada's need to develop our own phase-one industrial capacity. The need for fundamental commitment to the development of an entirely new family of phase-one industries of the future. How that might be done. Looking at the example of Japan. Suggestions as to what the Canadian government could do. Concern with regard to the Canada-U.S. free trade agreement. What the agreement should mean. What we didn't get. What the driving force of the business-government relationship in Canada should be.
The kind of world economic environment we find ourselves in and what "ought to be" the changing role of government within that environment. Change and how it has manifested itself: in an increasingly globalized economy and in a steady decline in the value of raw materials relative to manufactured goods and the technology embodied in both goods and services. The process of globalization in its adolescent stage. Our prime economic objective to devise a strategy for maintaining our fair share of the world's industrial activity. Two challenges which must be met. What ought to be the role of the government in responding to the changes ahead. Ways in which the federal government can encourage Canadian industrial activity. Two areas that are crucial: the specific problems of Canadian-owned small and medium-sized business; the way technological innovation comes to market. Quebec's success in developing a vibrant entrepreneurial economy and to what that is due. Government facilitating the entrepreneurs' access to foreign markets. Costs of marketing outside of North America. The trade commissioner service. Three reasons for a knowledge-intensive industry to come into being or to locate in a given country, in three phases. Canada's need to develop our own phase-one industrial capacity. The need for fundamental commitment to the development of an entirely new family of phase-one industries of the future. How that might be done. Looking at the example of Japan. Suggestions as to what the Canadian government could do. Concern with regard to the Canada-U.S. free trade agreement. What the agreement should mean. What we didn't get. What the driving force of the business-government relationship in Canada should be.
Free trade - CanadaCanada - Economic policyCanada - Economic conditions2009-07-16T08:59:27.609Z2009-07-16T08:59:27.609Z
Text
eng